TD Private Client Wealth LLC Sells 1,627 Shares of Textron Inc. $TXT

TD Private Client Wealth LLC reduced its stake in Textron Inc. (NYSE:TXT) by 29.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,917 shares of the aerospace company’s stock after selling 1,627 shares during the period. TD Private Client Wealth LLC’s holdings in Textron were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Cambridge Investment Research Advisors Inc. lifted its holdings in Textron by 31.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,424 shares of the aerospace company’s stock worth $2,776,000 after buying an additional 9,082 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Textron by 16.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,193 shares of the aerospace company’s stock worth $1,474,000 after buying an additional 2,803 shares during the period. LPL Financial LLC raised its stake in Textron by 4.9% during the 1st quarter. LPL Financial LLC now owns 89,732 shares of the aerospace company’s stock worth $6,483,000 after buying an additional 4,204 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in Textron during the 1st quarter worth $545,000. Finally, TD Asset Management Inc raised its stake in Textron by 2.2% during the 1st quarter. TD Asset Management Inc now owns 965,755 shares of the aerospace company’s stock worth $69,776,000 after buying an additional 20,733 shares during the period. 86.03% of the stock is currently owned by institutional investors.

Textron Stock Up 1.5%

Shares of TXT opened at $83.57 on Monday. Textron Inc. has a one year low of $57.70 and a one year high of $91.30. The company has a market cap of $14.89 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.84. The firm has a 50 day simple moving average of $80.75 and a two-hundred day simple moving average of $76.39.

Textron (NYSE:TXT) last announced its quarterly earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.10. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.64 billion. Textron had a net margin of 5.80% and a return on equity of 14.26%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts forecast that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, September 12th. Textron’s dividend payout ratio is presently 1.81%.

Analysts Set New Price Targets

Several analysts have issued reports on TXT shares. Susquehanna lifted their price target on Textron from $90.00 to $95.00 and gave the company a “positive” rating in a research note on Friday, July 25th. Barclays raised their price objective on Textron from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. The Goldman Sachs Group restated a “neutral” rating and issued a $85.00 price objective (down previously from $95.00) on shares of Textron in a report on Tuesday, July 1st. Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. Finally, UBS Group upgraded Textron from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $73.00 to $88.00 in a report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Textron has a consensus rating of “Moderate Buy” and an average target price of $92.45.

Insiders Place Their Bets

In related news, EVP Julie G. Duffy sold 28,543 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $79.37, for a total value of $2,265,457.91. Following the completion of the sale, the executive vice president directly owned 37,624 shares in the company, valued at $2,986,216.88. This represents a 43.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by insiders.

Textron Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.